By Christopher Nnanta InvestAdvocate

Lagos (INVESTADVOCATE) – Courteville Business Solutions Plc, operating in the Commercial/Services Sector of the Nigerian Stock Exchange (NSE) Friday proposed to reward investors of the Company with a 5 Kobo dividend and increased its Profit by 36.7 percent (36.7%).

This is contained in the Firm’s Result Announcement to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.

The 5 Kobo dividend the Company proposed to offer its investors, is an increase of 11.11% in its Audited Report for the period ended December 31 2011.

To increase its dividend payout to investors of the Company by 11.11%, Courteville in year 2010 end paid a 4.5 Kobo dividend compared to 5 Kobo it has proposed to pay in the Audited Report for the period ended December 31 2011.

Since listing on the Floor of the Nigeria’s Exchange in year 2008, Courteville Business Solutions Plc has consistently paid investors of the Company a higher dividend.

The Company paid 0.4 Kobo dividend for years 2009 and 2008 respectively, a dividend of 4.5 Kobo in year 2010 and now has proposed to reward its shareholders with a 5 Kobo dividend living up to its promise of paying a higher dividend on a consistent basis.

Adebola Akindele, Group Managing Director (GMD) of Courteville had in an interview with www.investadvocateng.com said that investors of the Company will not go away empty handed and would be happy to be one of the very few investors in the Nigerian Stock Exchange that would continue to receive consistent dividend.

A look at the Financial Report for year 2011 end, the Company increased its Profit by 36.7% as it posted a Profit After Tax (PAT) of N245.352 million in year 2011 end compared to N179.427 million recorded in year 2010 end.

Also, Profit Before Tax (PBT) grew from N231.108 million in year 2010 end compared to N303.635 million in year 2011 end; indicating a growth of 31.4% in the review period.

Turnover also increased from N627.703 million in year 2010 end compared to N855.600 million in the Audited Report for the period ended December 31 2011; showing an increase of 36.3%.

In its Corporate Declaration at the Nigeria Exchange, Courteville had affirmed that closure date of Register of Members whose names appears on its record will be June 05 2012 and payment date would be August 01 2012 after its Annual General Meeting (AGM) scheduled for July 17 2012.

However, Courteville said its AGM venue would be communicated later to its shareholders.